Glossary of terms commonly used in the Wallet

Terms starting from L

2 Information

late fee

A late fee represents a charge incurred when payment is not completed by a set due date.

lifting charge

A lifting charge is a type of international remittance fee that is charged when conducting a foreign exchange transaction in the same currency. In the case of remittance, it is charged when funds are paid in the same foreign currency as the foreign currency to which they are remitted.

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